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Interest Income and Interest Expense | 6 Months Ended
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Jun. 30, 2023
Banking and Thrift, Interest [Abstract] |
Interest Income and Interest Expense | NOTE 19 – Interest Income and Interest Expense The components of interest income and interest expense are as follows (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Interest income: |  |  |  |  |  |  |  |  |  |  |  |
Loans held for investment, net |  | $ | 313,034 |  |  | $ | 150,351 |  |  | $ | 608,086 |  |  | $ | 271,688 |
Investment securities |  |  | 116,204 |  |  |  | 46,046 |  |  |  | 224,531 |  |  |  | 80,308 |
Margin balances |  |  | 15,352 |  |  |  | 8,732 |  |  |  | 30,223 |  |  |  | 15,644 |
Financial instruments owned |  |  | 4,631 |  |  |  | 4,057 |  |  |  | 8,352 |  |  |  | 9,477 |
Other |  |  | 33,549 |  |  |  | 3,568 |  |  |  | 63,142 |  |  |  | 1,072 |
|  | $ | 482,770 |  |  | $ | 212,754 |  |  | $ | 934,334 |  |  | $ | 378,189 |
Interest expense: |  |  |  |  |  |  |  |  |  |  |  |
Bank deposits |  | $ | 171,362 |  |  | $ | 3,599 |  |  | $ | 308,650 |  |  | $ | 4,528 |
Senior notes |  |  | 12,506 |  |  |  | 11,274 |  |  |  | 25,012 |  |  |  | 22,699 |
Other |  |  | 7,222 |  |  |  | 2,461 |  |  |  | 12,426 |  |  |  | (436 | )
|  | $ | 191,090 |  |  | $ | 17,334 |  |  | $ | 346,088 |  |  | $ | 26,791 |

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- References No definition available. + Details
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- Definition The entire disclosure for interest income and interest expense for enterprises that derive a significant portion of their revenue from interest collected on investments, loans, and securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.1-12) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 + Details
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